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Hubei Pharmaceutical Group
Pharmaceutical company reports third quarter operational profit
January 9th, 2005
Hubei Pharmaceutical Group (HBEI) reported results for the third quarter ended October 31, 2004. Net operating profits from operations for the 3 months ended October 31, 2004, were reported at $635,981 with sales revenues reaching $2,044,185. Gross profit margins increased to 53.2% for the third quarter, an increase of 3.8% from the previous quarter. "We have recorded another solid quarter only 5 months after our first acquisition in China's fast growing life sciences and pharmaceutical industry," said Hubei Pharmaceutical Group President Reid Li. "Our operational management has successfully implemented plans to improve both gross...
Source: Aging & Elder Health Week (2005-01-09)
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